ChipMOS Technologies (Bermuda) Ltd. (IMOS), a Taiwanese semiconductor firm, disclosed on Tuesday that its November revenue experienced a year-over-year decline but posted sequential growth.
For the month, the company reported revenues of NT$1.83 billion (approximately $56.4 million), marking a 2.1% decrease from the previous year's NT$1.87 billion (around $57.7 million). However, compared to the prior month, revenues increased by 2.8% from NT$1.78 billion (roughly $54.9 million).
The company attributed this sequential growth to further stabilization in the memory sector and continued normalization of customer inventory levels.
On the NasdaqGS, shares of ChipMOS ended Monday's regular trading session at $19.40, reflecting a 1.32% decrease.
